Adani Group's Rs 493 Crore Open Offer For NDTV
By Ankit Garg
Gautam Adani’s conglomerate's open offer to acquire an additional 26 percent shareholding in the media firm NDTV
The offer, for which a price band of Rs 294 per share has been fixed, will close on December 5
India's capital markets regulator SEBI had last week approved the proposed Rs 492.81 crore-open offer
The open offer was scheduled earlier to run from October 17-November 1.
If fully subscribed, the open offer will amount to Rs 492.81 crore at a price of Rs 294 per share.
NDTV's shares closed at Rs 382.20 on the BSE today, down 5 percent, hitting a lower circuit.
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